Part 4. Financial Analysis and Requirements (3 pages single-spaced plus spreadsheets, please include subheading. Please include a link to your spreadsheet or include as attachments to part 4 document. Thank you!) a.Describe your pricing strategy for your product/service. Ref. Table 9.1 page 295. b.Describe the amount of startup funds you will need, where you will get them, and how they will be used. c.List 3-5 assumptions governing your cash flow projections. For a startup, assumptions are your “best educated guesses” regarding goals such as how many units you will sell and why, or what your cash flow will be at the end of each month and why, etc. will you pay yourself, what will you pay your employees, will you use full or part-time employees, what services will you outsource or contract out, etc. d.Complete your startup sources and uses of funds using the “Opening Day Balance Sheet” (third bullet point under “Finance Templates”) on the following website:
http://www.score.org/resources/business-plans-financial-statements-template-gallery (see notes below). a.Develop a one-year projected (pro forma) cash flow statement using the Cash Flow Statement (12 months) at the (eighth bullet point under “Finance Templates) on the following website:
http://www.score.org/resources/business-plans-financial-statements-template-gallery (see notes below).
Notes:
Financial Worksheets on the SCORE website: